Mortgages 
Look for discussions related to all things "Mortages." Whether it be rate increases or decreases, new requirements, or just helpful information about getting a mortgage in Sarasota, you'll find it here.
There are currently 3 blog entries related to this category.
Affordable Home Financing with USDA
Monday, November 7th, 2011 at 9:19am. 2395 Views, 0 Comments.
Affordable Home Financing with USDA
Even with tightened budgets, thousands of Americans are still hoping to obtain their dream of homeownership. However, instead of purchasing large homes with conventional mortgages, many are choosing to downsize and finance their homes with a government backed loan. Of the three most popular government backed lending programs, the USDA Home Loan program is rising in popularity because it not only makes homeownership more affordable, but also more accessible to those who otherwise wouldn't have any other financing options.
What Exactly is a USDA Loan?
Traditionally seen as the farmer's loan, the USDA loan actually provides a variety of lending options to families seeking rural living. However, just…
Lenders Get Stricter Requirements Set Out by the FHA
Wednesday, February 24th, 2010 at 3:42pm. 291 Views, 0 Comments.
The housing market is struggling to maintain a delicate balance in its effort to improve sales. In spite of all the incentives out there in the form of lower interest rates and flexible terms, the Federal Housing Commission is making it harder for home buyers to qualify for mortgages. Since the FHA backs up to half and insures more than a third of all new mortgages, their influence packs a lot of clout these days.
If you'd like to read more about this, get the whole story in my article "Lenders Get Stricter Requirements Set Out by the FHA," recently published in the International Business Times.
Mortgage Rates Fall Below 5%
Saturday, January 23rd, 2010 at 10:08pm. 187 Views, 0 Comments.
Mortgage rates fell below 5% this week.
Mortgage rates have been on a decline for the past 3 weeks. According to the Florida Association of Realtors the average rate on a 30 year fixed mortgage was 4.99%. The mortgage rates on a 15 year mortgage fell to 4.4%. In an effort to stimulate the housing market and to reduce cost to borrowers the Federal Reserve is pumping $1.25M into mortgage backed securities. The Federal Reserve is trying to bring down mortgage rates. Growing concerns about the economy resulted in interest rates falling in the bond market.
Mortgage rates are not quite as low as last month’s record low at 4.71% for a 30 year fixed rate mortgage, however half of the experts predict no changes in the rates for the next month and a…
